| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $976M | $1.1B | $961M | -9.7% | 1.6% |
| Op. Income | $221M | $313M | $183M | -29.4% | 20.8% |
| Gross Margin | 46.5% | 49.7% | 40.0% | -3.2pp | 6.6pp |
| Net Margin | 15.4% | 27.3% | 12.6% | -11.9pp | 2.8pp |
| EPS (Diluted) | $0.58 | $1.15 | $0.47 | -49.6% | 23.4% |
| Free Cash Flow | -$561M | -$123M | -$316M | -356.1% | -77.5% |
| Item | Amount |
|---|---|
| REVENUE | $976M |
| Cost of Revenue | $522M |
| GROSS PROFIT | $454M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $233M |
| Operating Expenses | $233M |
| Cost & Expenses | $755M |
| OPERATING INCOME | $221M |
| Interest Income | $0 |
| Interest Expense | $120M |
| Other Income/Expenses | -$81M |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | $150M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $150M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $150M |
| D&A | $201M |
| EBIT | $260M |
| EBITDA | $461M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $976M |
| Cost of Revenue | $522M |
| GROSS PROFIT | $454M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $233M |
| Operating Expenses | $233M |
| Cost & Expenses | $755M |
| OPERATING INCOME | $221M |
| Interest Income | $0 |
| Interest Expense | $120M |
| Other Income/Expenses | -$81M |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | $150M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $150M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $150M |
| D&A | $201M |
| EBIT | $260M |
| EBITDA | $461M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $150M |
| Depreciation & Amortization | $201M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $23M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$107M |
| OPERATING CASH FLOW | $254M |
| Capital Expenditure | -$815M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $208M |
| NET CASH FROM INVESTING | -$607M |
| Net Debt Issuance | -$276M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$123M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$396M |
| FREE CASH FLOW | -$561M |
| Net Change in Cash | -$746M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $0 |
| Net Receivables | $264M |
| Inventory | $295M |
| Other Current Assets | $544M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $18.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $639M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.2B |
| TOTAL NON-CURRENT ASSETS | $21.5B |
| TOTAL ASSETS | $22.7B |
| Account Payables | $532M |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $454M |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $8.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.2B |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $13.0B |
| TOTAL LIABILITIES | $15.7B |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $4.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | -$14M |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $22.7B |
| Total Debt | $10.4B |
| Net Debt | $10.3B |
